Personal
E-Banking Service
95533 Call Center
Mobile Phone Banking
Household Banking
Security Guideline
Personal Online Banki-
ng
Deposits Service
Foreign Currency Depo-
sits
All in One Account
RMB Deposits
Advance Withdrawal, B-
ankbook Loss Reporting, and Inheritance
ID-Backed Account, ID, Verification
Seizure and Verificat-
ion of Counterfeit Currency
Personal Deposit Stat-
ements
Long Credit Card
Installment Service
Application
Activate Your Card
Product Overview
Long Card Services
Long Card All-in-One
Long Quasi Credit Card
About Long Card Netwo-
rk
Wealth Management Car-
ds
Personal Loans
Personal Business Loan
Personal Car Loan
Personal Housing Loan
Gold Business
Physical Gold for Per-
sonal Investment
Personal Gold Account
Foreign Exchange
Individual Exchange S-
ettlement and Sales
Individual Foreign Ex-
change Remittance
Personal Foreign Exch-
ange Options
Personal Foreign Exch-
ange Structured Deposits
Personal Foreign Exch-
ange Trading
Foreign Currency Conv-
ersion
Personal Purchase of Foreign Exchange
Permit to Carry Forei-
gn Currency Abroad
Foreign Currencies Tr-
aveller's Cheque
Securities Agent
Certificate Treasury Bond
Savings Bonds
Securities Deposit Ac-
count
Securities Services S-
ystem
Bank-Securities Trans-
fer
Book-Entry Treasury B-
ond Over-the-Counter Transaction
Service for Your Co-
  nvenience
Different-Location Co-
llection
Paying Salaries on Be-
half of Organizations
Third-party Payment
Safes
Insurance Agent
Swift Remit
Personal Wealth Ma-
  nagement Products
Profit from Interest
Corporate
Corporate E-Banking
VIP Service System
Corporate Online Bank-
ing (Simple)
Corporate Online Bank-
ing (Advanced)
Deposits
Statement of Deposits
Corporate Term Deposi-
ts
Corporate Notification Deposits
Corporate Demand Depo-
sits
Corporate Deposits by Agreement
Institutional Business
Services for Governme-
nt Agencies
Social Security
Banks Cooperation
Bank-Securities Coope-
ration
Bank-Insurance Cooper-
ation
Services for Non-Bank-
ing Financial Institutions
Credit Business
SME Services
Traditional Credit Bu-
siness
Commercial Draft
Buyer Credit
RMB Credit Line Loans
International Business
International Settlem-
ent
International Financi-
ng
FI Services
Fund Settlement
Securities Settlement Agent
Fund Settlement Servi-
ces
Physical Structure
Operating Features
Security Controls
Information for Clien-
ts
Main Functions
Intermediary Business
Guarantee-Based Busin-
ess
Consulting and Advisi-
ng
Factoring
Fund Custody
Services
Strength
CCB Investment Fund C-
ustody Services Integrated System
Overview
Custody

Foreign Currency Conversion

Product Description

Foreign currency conversion is defined as the conversion between foreign currency cash/convertible bank notes and the RMB Chinese and foreign residents at approved CCB outlets and authorized conversion agencies. According to China’s foreign currency regulations, Chinese residents who hold foreign-currency cash or deposits may convert the foreign currency into other foreign currencies or the RMB at the exchange rates set by the People’s Bank of China at a CCB foreign currency counter. However, they may not convert their RMB into foreign currency. Therefore, Chinese residents can only convert one foreign currency into another, or into the RMB. Only foreign visitors, foreign nationals of Chinese descent, and residents of Hong Kong, Macau and Taiwan may convert their unused RMB into foreign currency, when they leave China.

Three major reasons for selecting CCB’s foreign currency conversion

1. High credibility. CCB, as a well-known domestic and international bank, may offer integrated services.

2. Professionalism. The tellers all obtained the qualification for conducting foreign exchange transactions, with service quality guaranteed.

3. Unified price. CCB will comply with the rates set by the PBC.

Functions

1. Conversion of foreign currencies into RMB. In accordance with the regulations of PRC, Chinese residents can only convert their foreign currencies into RMB. Foreign residents in China can convert their RMB into foreign currencies or vice versa.

2. Foreign residents may convert their unspent RMB back into their currencies within the validity period and the original converted amount. The validity period last for 6 months from the day the conversion takes place.

3. Collection: CCB may collect the old foreign currencies, which have been stopped from circulating but still have values and can be converted at the issuing banks without day with the consent of the currency holder.

Service Channels

The channels include the approved CCB outlets and the authorized foreign currency conversion agencies. The authorized agencies can only convert foreign currencies into RMB.

Categories

Conversion of foreign currency cash into the RMB, and of foreign currency convertible bank notes into the RMB. Conversion of the RMB into foreign currency cash, and into foreign currency convertible bank notes when leaving China.

Currencies and Terms

1. Currencies

Cash in all convertible foreign currencies, and convertible bank notes in all foreign currencies that can be legally drawn, may be converted into the RMB, provided that CCB trade in these currencies.

2. Terms

Usually the U.S. dollar, Japanese yen, Hong Kong dollar, euro and British pound sterling are available. The RMB can be converted into these currencies at any time, provided that the required documentation is presented.

Rates

Currencies are converted at the rates published by the People’s Bank of China and the State Administration of Foreign Exchange.

Client Process

1. Regular Clients

Regular clients must apply for CCB to convert their foreign currencies into the RMB, and fill out a form confirming their receipt of RMB funds.

2. Visitors to China

Foreign visitors, foreign nationals of Chinese descent, and residents of Hong Kong, Macau and Taiwan, may present their passports and “receipts of foreign currency conversion” (valid for six months) to CCB and request that CCB convert their unused RMB back into their currencies.

Flowchart